Armada Hoffler Properties, Inc. (NYSE:AHH) Declares $0.21 Quarterly Dividend

Armada Hoffler Properties, Inc. (NYSE:AHH) declared a quarterly dividend on Tuesday, December 17th,Wall Street Journal reports. Investors of record on Thursday, December 26th will be paid a dividend of 0.205 per share by the real estate investment trust on Thursday, January 2nd. This represents a $0.82 dividend on an annualized basis and a yield of 7.97%. The ex-dividend date of this dividend is Thursday, December 26th.

Armada Hoffler Properties has raised its dividend by an average of 43.9% per year over the last three years. Armada Hoffler Properties has a payout ratio of 546.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Armada Hoffler Properties to earn $1.12 per share next year, which means the company should continue to be able to cover its $0.82 annual dividend with an expected future payout ratio of 73.2%.

Armada Hoffler Properties Stock Performance

Shares of AHH opened at $10.29 on Thursday. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -49.00 and a beta of 1.03. The business’s fifty day simple moving average is $10.99 and its two-hundred day simple moving average is $11.31. Armada Hoffler Properties has a 12 month low of $10.02 and a 12 month high of $13.09. The company has a current ratio of 7.17, a quick ratio of 7.17 and a debt-to-equity ratio of 2.00.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.31 by ($0.42). Armada Hoffler Properties had a negative net margin of 1.01% and a negative return on equity of 1.18%. The business had revenue of $68.60 million for the quarter, compared to analysts’ expectations of $65.01 million. During the same period last year, the business earned $0.31 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. Research analysts anticipate that Armada Hoffler Properties will post 1.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on AHH. StockNews.com lowered shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus increased their price target on Armada Hoffler Properties from $12.50 to $12.75 and gave the company a “buy” rating in a report on Tuesday, November 5th.

Insider Buying and Selling at Armada Hoffler Properties

In related news, Director Daniel A. Hoffler acquired 95,238 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were purchased at an average price of $10.50 per share, with a total value of $999,999.00. Following the completion of the purchase, the director now directly owns 266,647 shares of the company’s stock, valued at $2,799,793.50. This represents a 55.56 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dennis H. Gartman acquired 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were bought at an average price of $10.85 per share, with a total value of $48,825.00. Following the completion of the purchase, the director now owns 27,149 shares in the company, valued at $294,566.65. This trade represents a 19.87 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 104,238 shares of company stock worth $1,097,649 in the last three months. 11.90% of the stock is currently owned by company insiders.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc (the “Company”) is a vertically integrated, self-managed real estate investment trust (“REIT”) with over four decades of experience developing, building, acquiring, and managing high-quality retail, office, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.